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A, B and C are equal partners in a firm....

A, B and C are equal partners in a firm. B retires and the remaining partners decide to share the profits of the new firm in the ratio of `5:4`. Gaining ratio will be:

A

`1:1`

B

`1:2`

C

`2:1`

D

`5:4`

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The correct Answer is:
C
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DK GOEL-RETIREMENT OR DEATH OF A PARTNER-Multiple Choice Questions
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  2. B, P and L sharing profits in the ratio 4:3:2. B retires, P and L deci...

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  3. P, Q and R were partners sharing profits in the ratio 2:2:1. Q retires...

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  4. A, B and C are equal partners in a firm. B retires and the remaining p...

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  5. A, B and c are partners sharing profit of loss in the ratio of 3:2:1. ...

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  6. A, B and C are partners sharing profit or loss in the ratio of 4:3:2. ...

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  7. A, B and C are partners sharing profit or loss in the ratio of 2:3:4. ...

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  8. A, B and C were partners in a firm sharing profits and losses in the r...

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  9. P, Q and R sharing profits and losses equally. R retires and the goodw...

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  10. Ram, Krishna and Ganesh were sharing profits and losses in the ratio o...

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  11. A, B and C are partners with profit sharing ratio 4:3:2. B retires an...

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  12. A, B and C are sharing profits in the ratio of 3:2:1. B retires and on...

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  13. P, Q and R share profits in the ratio of 5:4:3. R retires and the new ...

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  14. X, Y and Z were partners in a firm sharing profits in the ratio of 3:2...

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  15. A, B and C are partners sharing profits in the ratio of 3:4:5. B retir...

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  16. P, Q and R were partners sharing profits in the ratio 5:3:2 respective...

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  17. X,Y and Z are partners sharing profits in the ratio of 2:3:5. Goodwill...

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  18. A, B and C are partners in a firm sharing profit/loss in the ratio of ...

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  19. A, B and C were partners sharing profits and losses in the ratio of 2:...

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  20. P, Q and R were partners sharing profits in the ratio of their Capital...

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